If you buy a heavy vehicle, defined as greater than 6,000 GVW, you just got a big deduction in 2018. First, determine how much business use you have. If you have 90% business use, then you will be able to take 90% of the available deduction. If you have 70% business use, you get 70% […]

In yesterday’s blog, we talked about the basics in order to take the foreign earned income exclusion (FEIE). Today, let’s look at some specific strategies you may want to consider if you are considering using this great tool. #1: Know the tax laws where you live. Some countries have higher taxes than the US. And […]

Have you considered moving outside the US? Or maybe you already have and have questions about how your US taxes will work. If so, today’s blog is a “don’t miss” for you. You may have heard that you don’t have to pay US taxes if you live outside the US. That is true, but with […]

I recently received a question at about a client who had put his long term rental real estate inside an S Corporation. He’s now heard that S Corps with income should pay the owner a salary. How much salary should he pay himself? There is a lot to unpack in that short paragraph. Let’s […]

If you’ve been reading much on social media about the new Tax Act, you might get the idea that this is the worst thing to ever happen unless you’re the 1% of the 1%. This Tax Act doesn’t favor the rich over the poor or even the middle class. It favors the business owner or […]

A C Corporation is the only business structure that pays tax itself. Other entities like S Corporations and partnerships are flow-through entities so that the taxable income or loss flows through to your personal return. The C Corporation has its own tax brackets and its own tax. It doesn’t matter how much other income you […]

Are your business meals still deductible in 2018? Yes, kind of. There have been changes but for the most part some kind of meals deduction still exists. Let’s go over what has changed. In the past, we had a 100% meals deduction for meals furnished at the employer’s place of employment and for the benefit […]

Love from our customers

I have initially heard Diane's name from the podcast series called "Lifetime Cashflow Through Real Estate Investing" offered by Rod Khleif. To say Diane offered a lot of valuable tips during the podcast is an understatement! She touched upon such important and valuable topics as cost segregation, things to look for in a property inspector, write off when filing income taxes, and etc. I then went ahead and jumped on Diane's website USTaxAid.com. After reviewing just a handful of Diane's articles, I have found myself emerged into reading up and following up further on such important topics for any investor as itemizing deductions, searching for big cash-flowing properties under the new administration and much much more. I'm really excited about finding Diane's site and making a good use of her blog posts and articles. I hope other real estate investors will benefit from it as well! Thank you Diane!

Alina T

I am absolutely floored by Diane Kennedy's breadth of experience when it comes to the entirely too complicated US tax code! She has reduced my businesses tax bill by MILES and has actually, somehow, gotten us a refund! For the record, our international business turns over $80 million annually! She is very responsive to all of my queries and is just an absolute pleasure to work with. I really don't know what we would do without her and her team. Thank you Diane and USTaxAid!!!

A VERY happy client!

Please tell Diane she is fantastic. I really enjoyed talking to her and her knowledge is amazing. It is very helpful to have her guidance.

Laura M, California

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Jon B, CA

An entirely new perspective...new possibilities...I loved every minute!

Christine H, Lakeport, CA

I can take all that I learned and apply it to my business, improve efficiency and create more with less!

Andrea O, Covina, CA

Diane, You have made and saved me tons of money over the last 5 years!

Greg M, Camden, IN

Diane, You're such a wealth of knowledge.

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Thank you for writing from the heart. You challenged me today, supported my dream and helped me move forward.